I m interested in establishing a charitable gift annuity. What financial provisions does Williams College make for the income payments to me and my husband?
Your charitable gift annuity will be treated as a general obligation of Williams College, backed by all the Colleges assets. We have an unbroken record in making timely payments to our annuitants, and that ongoing responsibility is a key element in our financial policies. 9. I m establishing a unitrust. My bank will serve as trustee, and I m naming Williams College as the remainder beneficiary. My attorney is advising me to make that designation revocable. Will Williams College still recognize me as a donor? We are grateful that you have named us as beneficiary. The charitable portion of your gift is deductible for income tax purposes (see Question 3 above). Because our interest is not irrevocable, however, we cannot give you gift credit until our remainder interest is payable or made irrevocable.
